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Common use of Removal of the Collateral Clause in Contracts

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall riot remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of Florida, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Samples: Line of Credit Agreement (Petmed Express Inc), Line of Credit Agreement (Petmed Express Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's Grantors business, including the sales of inventory, Grantor shall riot not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of Florida, without Lender's Lenders prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Dolphin Entertainment, Inc.)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall riot not remove the Collateral from its existing location without Lender's prior ’s print written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of Florida, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Dynamic Health Products Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's Grantor ’s business, including the sales of inventory, Grantor shall riot not remove the Collateral from its existing location without Lender's prior ’ s pr ior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates cer tificates of title for the vehicles outside the State of Florida, without Lender's prior ’s pr ior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Shells Seafood Restaurants Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall riot not remove the Collateral from its it's existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of Florida, without with Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Business Loan Agreement (Petmed Express Inc)